Comments on: 2023-W $50 Uncirculated American Gold Eagle Release

By: REB

REB — Sat, 03 Jun 2023 05:07:47 +0000

In reply to REB. I love that meme picture. Looks like me at the keyboard.

By: Seth Riesling

Seth Riesling — Sat, 03 Jun 2023 04:28:03 +0000

In reply to Craig.

Looks like it would make a fun theme-park ride!
(“Pinwheel Galaxy – A nice place to visit, but I wouldn’t want to live there”).

NumisdudeTX

By: Craig

Craig — Fri, 02 Jun 2023 12:49:41 +0000

In reply to Seth Riesling. Kaiser, while the prices the mint is currently charging for AGE's is prohibitive, if you had bought them 10-15 years ago, you'd have a nice ROI.I've been buying gold coins since I was a kid and only wish I could buy more at some of those earlier prices. If only I had a Time Machine! Maybe Elon could look into that as well.

By: Seth Riesling

Seth Riesling — Fri, 02 Jun 2023 06:24:21 +0000

In reply to Carl.

Carl,

Yes, and they are also on the COA that comes with the coin.
The sales figures since 2017 that I’ve looked up show that a little less than 10,000 are sold each year…low mintage, but low interest no doubt.

NumisdudeTX

By: REB

REB — Fri, 02 Jun 2023 05:28:28 +0000

In reply to CaliSkier. But that Nigerian prince seemed like such a nice fellow...

By: Seth Riesling

Seth Riesling — Fri, 02 Jun 2023 04:43:06 +0000

In reply to Carl.

Thanks Carl, but I’ve known that since the first year of issue in 1986 – I was being sarcastic about the silver & copper metal in this gold coin. The U.S. Mint decided in 1985 that this gold coin series would look better with the look of older classic U.S. Mint coins so they played around with different alloys & came up with this mixture before they were offered in 1986. They did not want the 90% gold 10% copper mix from the past, but settled on 91.67% gold plus the silver & copper for a richer buttery gold color.

NumisdudeTX

By: Carl

Carl — Fri, 02 Jun 2023 02:39:15 +0000

I should have stated the specifications that I referred to are on the US Mint website.

By: Carl

Carl — Fri, 02 Jun 2023 02:17:14 +0000

For those that ‘complain’ about the amount of gold in this coin, please read the specifications and you will see that there is 1.000 troy ounce fine gold in the coin. The same amount of gold that is in the Gold Buffalo coins as well as the $50 proof Gold American Eagle.

By: Craig

Craig — Thu, 01 Jun 2023 21:43:49 +0000

To get a nucleus with 79 protons is possible with nuclear reactors or particle accelerators, but the cost would make it impractical for a handful of gold atoms. Giant stars produce it better, when they go supernova, and sometimes produce the equivalent of several earth masses in gold.There was a recent supernova in Messier101, the Pinwheel Galaxy, and who knows how much gold/platinum was just produced from it.

By: Craig

Craig — Thu, 01 Jun 2023 19:43:48 +0000

In reply to c_q. c_q, I think if people would count out $800 / $820.00 in $10's or $20's and look at the pile on their table, they might have reservations about giving that much to the mint in the form of a 'premium.' Personally, I don't have a problem paying them $200-$300 over spot to mint a gold ounce coin, but with the cost at or above $800, well I don't need it that badly.